Perth, 14 April 2015 – Fitness fashion heavyweight Lorna Jane is continuing its push into Western Australia’s retail market, with the opening of a new store at one of the state’s highest performing regional shopping centres, Bunbury Forum.
The women’s exercise fashion retailer has signed a five-year lease on the 102sqm property to accommodate its first footprint in the Lower South West region.
CBRE’s Craig Olde, who negotiated the lease on behalf of Challenger, said the new Lorna Jane store in Bunbury Forum was evidence of the centre’s continuing profile as one of WA’s most popular and desirable shopping hubs.
“The centre’s established trade base and continued legacy of high turnover statistics were key factors that helped secure Lorna Jane as a tenant,” Mr Olde said.
“Despite being ranked 78th in size in the most recent Shopping Centre News Little Guns, it ranks fifth in the ‘Specialty MAT/m2’ category, indicating huge outperformance characteristics of the centre.”
He added: “In the ongoing battle in the Lower South West to maintain market share with expanding retail alternatives, this marks a key win for the centre in confirming its position as the premium retail centre in country WA, despite strong competition from cheaper, yet less premium and unproven retail alternatives.”
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
